Property summary
This exceptional 2,400 square foot commercial property, located at 23610 John R Rd in Hazel Park, Michigan, 48030, presents a unique opportunity for a variety of businesses. Previously operating as a cannabis lounge, the space boasts a versatile layout suitable for retail, restaurant, or special purpose uses. The property features a single tenancy, making it ideal for a business seeking a dedicated space. Key features include a 4,000 square foot enclosed rear patio, a front patio, and overhead garage doors, providing ample outdoor space. The interior is equipped with a sound system, televisions, and security cameras with badge door access. Furniture is available for lease or purchase. A designated DOAS room allows for smoking. The property is situated in the Hazel Park Social District, offering excellent visibility and foot traffic. This turnkey operation is ready for immediate occupancy and presents a rare opportunity in the thriving Ferndale/Royal Oak submarket cluster. The property's adaptable design and existing infrastructure make it an attractive option for a wide range of businesses seeking a high-impact location. Don't miss this chance to secure a prime commercial space in a vibrant and growing area.
Property profile
VerifiedCap rate & NOI
Current use
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General Contractor Construction Company
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Hotel & Motel Resort
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Nightclub Theater & Performing Art Venue
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Building Supply General Contractor
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
BI · Hazel Park, MIZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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